Russian trade with Iceland in 2019
based on data from the Federal Customs Service of Russia
Russia’s Trade with Iceland
In 2019, Russia’s trade with Iceland totaled $95,246,461, up 110.13% ($49,918,462) from 2018.
Russia’s exports to Iceland in 2019 totaled $40,532,323, up 154.71% ($24,619,118) from 2018.
Russia’s imports from Iceland in 2019 totaled $54,714,138, up 86.01% ($25,299,344) from 2018.
Russia’s trade deficit with Iceland in 2019 was $14,181,815, a 5.04% increase ($680,226) over 2018.
Iceland was Russia’s 117th largest trading partner in 2019 (up from 136th in 2018), accounting for 0.0143% of Russia’s total trade (up from 0.0066% in 2018).
Iceland was Russia’s 124th largest export market in 2019 (up from 143rd in 2018), accounting for 0.0096% of Russia’s total exports (up from 0.0035% in 2018).
Iceland was Russia’s 94th largest supplier in 2019 (up from 102nd in 2018), accounting for 0.0224% of Russia’s total imports (up from 0.0124% in 2018).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in 2019 (and in 2018) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 27.94% of Russia’s total exports to Iceland (23.11% in 2018);
- Mineral products (HS codes 25-27) - 13.96% of Russia’s total exports to Iceland (34.08% in 2018);
- Wood and wood products (HS codes 44-49) - 3.98% of Russia’s total exports to Iceland (17.79% in 2018);
- Chemical products (HS codes 28-40) - 2.24% of Russia’s total exports to Iceland (4.55% in 2018);
- Textiles, textile products and footwear (HS codes 50-67) - 0.84% of Russia’s total exports to Iceland (2.91% in 2018);
- Metals and products from them (HS codes 72-83) - 0.57% of Russia’s total exports to Iceland (8.27% in 2018);
- Food products and agricultural raw materials (HS codes 01-24) - 0.52% of Russia’s total exports to Iceland (7.05% in 2018).
The largest gains in Russia’s exports to Iceland in 2019 over 2018 were recorded for the following product groups:
- Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $7,612,344;
- Fertilizers (HS code 31) - an increase of $340,113;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $228,121.
The largest declines in Russia’s exports to Iceland in 2019 over 2018 were recorded for the following product groups:
- Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $1,214,720;
- Iron and steel (HS code 72) - a decrease of $962,528;
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $927,783.
HS code |
Name of product group | Value of exports in 2019, US dollars ($) |
Percent share in total export | Value of exports in 2018, US dollars ($) |
Percent change in 2019 over 2018 |
---|---|---|---|---|---|
03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 87,506 | 0.22 | 1,015,289 | -91.38 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 0 | 0.00 | 134 | -100.00 |
19 | Preparations of cereals, flour, starch or milk; bakers’ wares | 0 | 0.00 | 5,897 | -100.00 |
22 | Beverages, spirits and vinegar | 11,047 | 0.03 | 15,294 | -27.77 |
24 | Tobacco and manufactured tobacco substitutes | 112,200 | 0.28 | 85,800 | 30.77 |
26 | Ores, slag and ash | 860,359 | 2.12 | 854,846 | 0.64 |
27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 4,796,957 | 11.83 | 4,568,836 | 4.99 |
31 | Fertilizers | 340,113 | 0.84 | 0 | ∞ |
32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 2,731 | 0.01 | 2,928 | -6.73 |
34 | Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster | 1,119 | 0.00 | 9,851 | -88.64 |
38 | Miscellaneous chemical products | 1,289 | 0.00 | 1,136 | 13.47 |
39 | Plastics and articles thereof | 102,178 | 0.25 | 182,374 | -43.97 |
40 | Rubber and articles thereof | 462,119 | 1.14 | 527,601 | -12.41 |
42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 261 | 0.00 | 120 | 117.50 |
44 | Wood and articles of wood; wood charcoal | 1,613,339 | 3.98 | 2,828,059 | -42.95 |
48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 5 | -100.00 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 0 | 0.00 | 3,180 | -100.00 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 155,836 | 0.38 | 180,348 | -13.59 |
58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 2,268 | 0.01 | 6,021 | -62.33 |
59 | Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use | 494 | 0.00 | 0 | ∞ |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 0 | 0.00 | 48 | -100.00 |
62 | Articles of apparel and clothing accessories, not knitted or crocheted | 179,503 | 0.44 | 276,816 | -35.15 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 189 | 0.00 | 10 | 1,790.00 |
64 | Footwear, gaiters and the like; parts of such articles | 0 | 0.00 | 256 | -100.00 |
65 | Headgear and parts thereof | 3,303 | 0.01 | 26 | 12,603.85 |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 243,552 | 0.60 | 252,595 | -3.58 |
72 | Iron and steel | 15,162 | 0.04 | 977,690 | -98.45 |
73 | Articles of iron or steel | 206,374 | 0.51 | 315,149 | -34.52 |
76 | Aluminum and articles thereof | 1,341 | 0.00 | 115 | 1,066.09 |
83 | Miscellaneous articles of base metal | 9,244 | 0.02 | 22,893 | -59.62 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 28,339 | 0.07 | 676 | 4,092.16 |
85 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 11,283,910 | 27.84 | 3,671,566 | 207.33 |
86 | Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds | 6,852 | 0.02 | 0 | ∞ |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 4,738 | 0.01 | 1,820 | 160.33 |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 0 | 0.00 | 3,467 | -100.00 |
92 | Musical instruments; parts and accessories of such articles | 0 | 0.00 | 1,640 | -100.00 |
94 | Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings | 0 | 0.00 | 82,820 | -100.00 |
95 | Toys, games and sports requisites; parts and accessories thereof | 0 | 0.00 | 17,699 | -100.00 |
SS | Classified | 20,000,000 | 49.34 | 200 | 9,999,900.00 |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in 2019 (and in 2018) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 66.23% of Russia’s total imports from Iceland (27.14% in 2018);
- Food products and agricultural raw materials (HS codes 01-24) - 21.18% of Russia’s total imports from Iceland (51.14% in 2018);
- Metals and products from them (HS codes 72-83) - 8.57% of Russia’s total imports from Iceland (16.38% in 2018);
- Chemical products (HS codes 28-40) - 2.82% of Russia’s total imports from Iceland (4.44% in 2018).
The largest gains in Russia’s imports from Iceland in 2019 over 2018 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $28,406,739;
- Plastics and articles thereof (HS code 39) - an increase of $836,575;
- Articles of iron or steel (HS code 73) - an increase of $620,645;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $338,865;
- Aluminum and articles thereof (HS code 76) - an increase of $263,406;
- Beverages, spirits and vinegar (HS code 22) - an increase of $179,938.
The largest declines in Russia’s imports from Iceland in 2019 over 2018 were recorded for the following product groups:
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $2,948,824;
- Iron and steel (HS code 72) - a decrease of $1,036,404;
- Pharmaceutical products (HS code 30) - a decrease of $585,654;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $527,869;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $336,773;
- Meat and edible meat offal (HS code 02) - a decrease of $213,463.
HS code |
Name of product group | Value of imports in 2019, US dollars ($) |
Percent share in total import | Value of imports in 2018, US dollars ($) |
Percent change in 2019 over 2018 |
---|---|---|---|---|---|
02 | Meat and edible meat offal | 660,649 | 1.21 | 874,112 | -24.42 |
05 | Products of animal origin, not elsewhere specified or included | 4,763 | 0.01 | 0 | ∞ |
15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 1,635,428 | 2.99 | 2,163,297 | -24.40 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 8,494,228 | 15.52 | 11,443,052 | -25.77 |
17 | Sugars and sugar confectionery | 122,119 | 0.22 | 133,893 | -8.79 |
21 | Miscellaneous edible preparations | 62,111 | 0.11 | 0 | ∞ |
22 | Beverages, spirits and vinegar | 609,534 | 1.11 | 429,596 | 41.89 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 821 | 0.00 | 0 | ∞ |
29 | Organic chemicals | 355 | 0.00 | 316 | 12.34 |
30 | Pharmaceutical products | 0 | 0.00 | 585,654 | -100.00 |
33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 29,838 | 0.05 | 1,935 | 1,442.02 |
34 | Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster | 8,224 | 0.02 | 31,515 | -73.90 |
38 | Miscellaneous chemical products | 0 | 0.00 | 52,728 | -100.00 |
39 | Plastics and articles thereof | 1,469,355 | 2.69 | 632,780 | 132.21 |
40 | Rubber and articles thereof | 31,676 | 0.06 | 741 | 4,174.76 |
42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 6,484 | 0.01 | 0 | ∞ |
44 | Wood and articles of wood; wood charcoal | 6,162 | 0.01 | 0 | ∞ |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 214 | 0.00 | 0 | ∞ |
51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 8,882 | 0.02 | 19,153 | -53.63 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 461,622 | 0.84 | 122,757 | 276.05 |
60 | Knitted or crocheted fabrics | 57,492 | 0.11 | 17,275 | 232.80 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 15,541 | 0.03 | 23,114 | -32.76 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 106 | 0.00 | 203 | -47.78 |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 511 | 0.00 | 410 | 24.63 |
70 | Glass and glassware | 370 | 0.00 | 0 | ∞ |
72 | Iron and steel | 709,663 | 1.30 | 1,746,067 | -59.36 |
73 | Articles of iron or steel | 3,632,108 | 6.64 | 3,011,463 | 20.61 |
74 | Copper and articles thereof | 288 | 0.00 | 2,959 | -90.27 |
76 | Aluminum and articles thereof | 314,650 | 0.58 | 51,244 | 514.02 |
82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 31,291 | 0.06 | 3,907 | 700.90 |
83 | Miscellaneous articles of base metal | 2,679 | 0.00 | 2,874 | -6.78 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 32,017,928 | 58.52 | 3,611,189 | 786.63 |
85 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 1,058,924 | 1.94 | 906,959 | 16.76 |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 33,270 | 0.06 | 0 | ∞ |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 3,128,173 | 5.72 | 3,464,946 | -9.72 |
94 | Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings | 98,389 | 0.18 | 80,419 | 22.35 |
96 | Miscellaneous manufactured articles | 290 | 0.00 | 236 | 22.88 |